#finance News

Bitcoin Suisse Applies for Banking License with Swiss Regulators

July 17, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

In a bid to expand its crypto product offerings and strengthen its position as a global provider of crypto-based financial services, Bitcoin Suisse AG has applied for a banking license with the Swiss Financial Markets Supervision Authority (FINMA), according to a press release on July 16, 2019. Bitcoin Suisse Seeks...

The UK’s Royal Mint Produces First Cryptocurrency

July 15, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Temtum, a crypto project developing a quantum-secure, decentralized blockchain network called Temporal, has created the genesis block for its temtum (TEM) altcoin using the infrastructure of the Royal Mint. The startup has also stored temtum’s private keys in the vault of the Royal mint ahead of its official launch on...

South Korea’s Got Blockchain in its Seoul

Consortium of Korea’s Major Tech Companies and Banks to Launch Mobile Digital Identity

July 15, 2019 by Ashwath Balakrishnan at Blockchain

A group of tech companies, telecoms, and major South Korean banks, led by Samsung, are launching a blockchain-powered digital identity platform to resolve a few critical vulnerabilities found in current online certificates used for sharing personal data, as per a press release. Digital identity continues to be one of the...

SEC Gives Reg A+ qualification for Ethereum-based Token

July 12, 2019 by Edoardo Vecchio at Ethereum

On July 11, 2019, Props, an Ethereum-based blockchain token announced that it has qualified under Reg A+ by the U.S. Securities and Exchange Commission (SEC). Props is the second consumer-facing crypto token qualified by the SEC after Blockstack earlier this week. Streaming Integration YouNow, a U.S.-based live video streaming company with...

Security Camera Examining a Pile of Bitcoins

Visa and Blockchain Capital Lead $40 Million Round in Anchorage

July 11, 2019 by Ashwath Balakrishnan at Blockchain

Payment processor Visa along with specialist VC firm Blockchain Capital helped Anchorage, an institutional custodial service, raise nearly $40 million in capital at an undisclosed valuation. Visa recently launched a cross border remittance network with a pseudo-distributed ledger. This move shows their optimism that more institutions will look to gain...

Poloniex building with Bitcoin and Dollars held up outside of it

Circle’s Poloniex Exchange Offers Fiat-to-Crypto Trading

July 10, 2019 by Ogwu Osaemezu Emmanuel at Finance

In a bid to remain competitive in the United States cryptospace, Poloniex cryptocurrency exchange is now supporting fiat-to-crypto trading, as well as credit and debit card purchases of digital assets on its platform, according to reports on July 9, 2019. Poloniex Aiming for the Top Per sources close to the...

Fidelity Investments Set to Reward Employees in Cryptocurrency

Fidelity International Readies Cryptocurrency Rollout

July 8, 2019 by Ashwath Balakrishnan at Altcoins

Fidelity International, the investment service provider's European and Asian branch, is exploring its customers' perception of cryptocurrencies through the launch of a trading simulator dedicated to cryptocurrencies, as reported by FN London on July 8, 2019. Digital Currency Simulator This move comes amid Fidelity USA taking all the right steps to...

Looking in a filing cabinet to find Facebook' coin under project libra drawer

Bank of Japan Concerned with Facebook’s Libra Cryptocurrency

July 5, 2019 by Edoardo Vecchio at Regulation

Despite favorable regulation, Bank of Japan Deputy Governor Masayoshi Amamiya stated that digital currencies operators must comply with regulations on money laundering and risk management. The announcement was made in reference to the launch of Libra, the new global cryptocurrency from Facebook. Japan Speaks Out Japan is one of the...

Ripple’s Incubation Arm Invests $500 Million in XRP-Based Projects

July 4, 2019 by Ogwu Osaemezu Emmanuel at Altcoins

Xpring, the incubation and investment arm of Ripple, the distributed ledger technology (DLT) project in charge of the XRP altcoin, has hinted that it has invested $500 million in over 20 startups. Each of the small businesses is using Ripple’s platforms and products to grow the decentralized ecosystem, reports Finance...

Tezos Foundation Bags $1 Billion STO Deal with Major Financial Institutions

July 4, 2019 by Aisshwarya Tiwari at News

In a blog post published on July 3, 2019, community-driven blockchain project Tezos announced that it had secured a business partnership with Latin America’s largest standalone investment bank, Banco BTG Pactual S.A. and Dubai-based asset manager Dalma Capital. The two entities will reportedly use the Tezos Foundation’s blockchain for security...

DRW-Backed Exchange Is Creating a new Crypto Market

Fidelity-Backed ErisX Bags CFTC Bitcoin Futures Contracts License

July 2, 2019 by Aisshwarya Tiwari at Bitcoin

Cryptocurrency trading startup ErisX has received the regulatory approval from the U.S. Commodity Futures Trading Commission (CFTC) to offer Bitcoin-backed futures contracts to investors. The fintech firm announced in a Medium post published on July 2, 2019. ErisX Bags Coveted License ErisX, a cryptocurrency trading platform backed by the likes...

CEO of Blockchain Startup Acquires U.S.-Based Bank

July 2, 2019 by Ogwu Osaemezu Emmanuel at Business

Jeffrey Berns, a 56-year-old consumer protection lawyer, cryptocurrency millionaire and CEO of Blockchains LLC, a distributed ledger technology (DLT) firm created in 2017, has purchased Kirkwood Bank of Nevada for $28 million. The move is part of Berns' broader plans to build a decentralized financial ecosystem powered by blockchain technology,...

West Africa Gets Serious with New Banking Technologies

July 1, 2019 by Ogwu Osaemezu Emmanuel at Blockchain, Finance

Nigeria, the most populous nation in Africa has announced plans to officially adopt an open banking standard powered by new technologies such as distributed ledger technology (DLT), to promote transparency in the financial services sector, according to a report by local news source the Guardian on July 1, 2019. Nigeria...

Popular Cryptocurrency Exchange Huobi Announces Digital Token

Huobi and Nervos Target Financial Inclusion with New Public Chain

July 1, 2019 by Ashwath Balakrishnan at Business

Huobi Global, one of the largest cryptocurrency exchanges in the world, is teaming up with Nervos to develop a public blockchain focused on decentralized finance (DeFi) and improving the state of global financial inclusions, according to a press release from July 1, 2019. AMoat for Blockchain Adoption It comes as...

Mnan Rubbing Hands Together Next to Falling Coins

Henry Kravis of Private Equity Megafund KKR Invests in Crypto Hedge Fund

July 1, 2019 by Ashwath Balakrishnan at Blockchain

The co-founder of Kravis Kohlberg Roberts (KKR), Henry Kravis, has reportedly invested in an alternative fund focused on fintech and blockchain opportunities. Kravis joins a list of outspoken Silicon Valley investors who have defied traditional thinking and embraced the rise of innovation in distributed ledgers, as reported by Bloomberg, June...

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